NEW YORK ( TheStreet) -- The ex-dividend date for Dow Chemical (NYSE: DOW) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $35.80 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Dow Chemical has been 8.9 million shares per day over the past 30 days. Dow Chemical has a market cap of $39.45 billion and is part of the basic materials sector and chemicals industry. Shares are up 24.1% year to date as of the close of trading on Monday. The Dow Chemical Company manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. The company has a P/E ratio of 17.1, above the average chemicals industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Dow Chemical as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Dow Chemical Ratings Report. See our dividend calendar or top-yielding stocks list.